INSIDER
Long-term mortgage rates ease for third straight week, dipping to just below 7%
Read full article: Long-term mortgage rates ease for third straight week, dipping to just below 7%The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.
Average long-term US mortgage rate rises for again, reaching highest level more than five months
Read full article: Average long-term US mortgage rate rises for again, reaching highest level more than five monthsThe average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year.
Average 30-year mortgage rate dips as spring season opens
Read full article: Average 30-year mortgage rate dips as spring season opensThe average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that has been mostly cold since the Federal Reserve began raising interest rates more than a year ago.
Average US mortgage rate up for fifth straight week to 6.73%
Read full article: Average US mortgage rate up for fifth straight week to 6.73%The average long-term U.S. mortgage rate rose for the fifth straight week to its highest level since breaching 7% in November, just as the spring buying season gets ready to kick off.
Average long-term US mortgage rate lowest since September
Read full article: Average long-term US mortgage rate lowest since SeptemberThe average long-term U.S. mortgage rate fell this week to its lowest level since September, a potential boost to the housing market which has been in decline for nearly a year.
US home sales fell in November, the 10th consecutive month
Read full article: US home sales fell in November, the 10th consecutive monthSales of previously occupied U.S. homes slowed for the tenth month in a row in November, constrained by a tight inventory of properties on the market and mortgage rates averaging more than double what they were a year ago.
Sales of new homes plunged 18.2% in February
Read full article: Sales of new homes plunged 18.2% in FebruarySales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry. (AP Photo/Nam Y. Huh)WASHINGTON – Sales of new homes plunged 18.2% in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry. Sales of single-family homes dropped to a seasonally adjusted annual rate of 775,000 last month, the Commerce Department reported Tuesday, the slowest sales pace since May of last year. The same weather disruption was evident in the existing homes market, for which the U.S. released data Monday. The report Tuesday marked the first decline in sales of new homes in two months.
US long-term mortgage rates slip; 30-year at 2.73%
Read full article: US long-term mortgage rates slip; 30-year at 2.73%U.S. long-term mortgage rates slipped this week as the economy remains burdened by the coronavirus pandemic. (AP Photo/Steven Senne, File)WASHINGTON – U.S. long-term mortgage rates slipped this week as the economy remains burdened by the coronavirus pandemic. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.73% from 2.77% last week. The damage from the coronavirus pandemic on the U.S. and global economies suppressed home loan rates through most of 2020. AdEconomists forecast modest increases in mortgage rates this year.